Construction_Insurance
 
Contractors are one of the most common causes of property damage and large general liability claims for co-op, condominium, and building owners.  How do you manage the risk posed by hiring a contractor?

Contractors and Insurance:
How to Manage the Risk?

Learn 3 specific areas in which you could manage the risk of hiring a contractor.

For example:

  • Hold Harmless Agreement-
    If signed by the hired contractor, the Hold Harmless Agreement releases the liability from the building owner. 
  • Certificate of Insurance-
    Board of Directors, as well as individual shareholders and unitowners, should require a contractor to supply this document prior to beginning work.

To download the "No Insurance = No Entry," complete the form to the right where it says "Download Free Article Now".

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